Secretary of state securities division matters.
Summary
Allows the Indiana securities commissioner to request additional information for determining whether a franchise offer or sale is exempt from registration requirements. Provides that a continuing care retirement community's annual disclosure statement must be filed not later than 12 months following the end of its fiscal year. Provides that an individual may not engage in loan processing activities unless certain requirements have been met. Provides that a registered mortgage loan originator is not required to obtain a license under the law governing loan brokers. Provides that the securities division may discipline an individual who fails to comply with disclosure requirements. Amends the law on the licensing of collection agencies by adding a definition of "branch office" and providing that it is unlawful to operate a branch office without meeting certain requirements or to fail to comply with certain disclosure requirements.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2021
Committee Review
Apr 2021
House Passage
Feb 2021
Senate Passage
Apr 2021
Signed into Law
Apr 2021
Introduced Jan 14, 2021
Signed Apr 29, 2021
Floor votes · Senate Apr 8, 2021
How they voted
35–0
Passed · 3 other
Total votes 38
Apr 8, 2021
D
Democratic8
100% Yea
R
Republican30
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
5
Committee
3
Amendments
1
Apr 29, 2021
Signed into law
Signed by the Governor
executive
Apr 9, 2021
Introduced
Returned to the House without amendments
upper
Apr 8, 2021
Upper · Passed
Third reading: passed; Roll Call 369: yeas 47, nays 0
upper
Apr 1, 2021
Upper · Passed
Committee report: do pass, adopted
upper
Feb 2, 2021
Committee
Referred to the Senate
lower
Feb 1, 2021
Lower · Passed
Third reading: passed; Roll Call 29: yeas 94, nays 2
lower
Jan 26, 2021
Lower · Passed
Committee report: do pass, adopted
lower
3 primary · 4 co-sponsors
Sponsors
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